Not buying mate. I really find it difficult to buy while the price is rising. I kind of got caught up in that a little bit last time so I'm a bit more measured now.
Not anywhere close to a record. I believe it was during the 2008 crisis, gold and platinum were at parity. Also, on another board I frequent, someone posted that platinum has traded below gold several times in the past.
Yep still buying an oz here and there. Looking forward to a tax refund $1000 so that will go towards a 1kg silver bar. So still buying if I can
Even at today's 'prices', silver is a steal. If your stack is heading up instead of down in terms of ounces, you're ahead. Or are you going to wait until you get a ratio of say... = before you think you have made a killing? Paper 'value' is irrelevent at the end of the day except for how many ounces you can acquire for it. No matter what the spot price is doing, I can still note I have have X ounces in Gold and Silver. That doesn't change. If you're in this for short term gains, you're likely to get burned. It really all comes back to your paradigm on what silver and gold actually is to you. If it's merely an investment vehicle to turn a profit, you've got bigger balls than me investing in what's probably the #1 most manipulated market in the world today. If it's to protect your wealth long term, then you need to start looking at your gold and silver holdings in a different light if you expect to sleep better at night. I was a net buyer at $16 USD. I am still a net buyer at $42 USD. I was a net buyer at the $47 USD peak and I'll be a net buyer tomorrow at $100 USD and beyond. It's all about the ounces you hold, not the paper in hand. Ask any stacker if they'd rather a zim 100 trillion note or an ounce of silver and the comparison becomes more obvious.
i think things have recently changed, and silver now looks a less insane bet in a falling stock market. i'm too cautious to do it but today is so far the only day in 2011 that this thought has entered my mind... BTFD.
Sure, BTFD but decide ahead of time how much of a percentage drop you want before you start buying again. If aggressive maybe 10-30%, if you're somewhat happy with your stack maybe 50%. Either way ease into it and give yourself some flexibility of course depending on the circumstances. edit that is retracement of the size of the rally I'm talking about.
I'm picking up a box of 1 oz bars from pergatori tomorrow, simply because I like the look of them and I think they will increase in price fairly quickly
If you eat a chicken and bury it in pet sematary (movie spelling it's correct PO spelling Nazi's - I know you were on the way to the quote button!) you get an evil chicken back to eat again - rinse wash and repeat, never ending food FTW http://en.wikipedia.org/wiki/Pet_Sematary_(film)
Bought 10 ounces AG last week (10 1 ounce phillies - $370 for a win) am now sitting on the sidelines with silver (have said that before though). Looking to pick up more gold if I spot a good buy but not urgent. edit: spot was @ $34.5 ish when I bought so it's not as good as it looks today.
